HOUSTON, Oct. 3, 2014 (GLOBE NEWSWIRE) -- Brenham Oil & Gas Corp., (OTCQB:BRHM) (subsidiary of American International Industries, Inc.) (OTCQB:AMIN) an independent oil and gas company engaged in the acquisition of petroleum resources focused on development/production assets in the United States and international exploration in Sub-Saharan Africa announced that the company has secured DTC Eligibility by The Depository Trust Company for its shares on the OTC effective October 2, 2014.
The Depository Trust Company (DTC) is a subsidiary of the Depository Trust & Clearing Corporation DTCC, and manages the electronic clearing and settlement of publicly traded companies. Securities that are eligible to be electronically cleared and settled through the DTC are considered "DTC eligible." This electronic method of clearing securities speeds up the receipt of stock and cash, and thus accelerates the settlement process for investors.
Daniel Dror, CEO of Brenham Oil & Gas Corp., stated, "We are pleased to announce that we have obtained DTC eligibility, effective October 2, 2014. Electronic trading is the standard in today's financial markets, and becoming DTC-eligible greatly simplifies the process of trading and exchanging our common stock. We continue to make positive steps to grow the Company. We would like to specifically thank our securities counsel Ronald C. Kaufman of Kaufman Wallis and our transfer agent, Vstock Transfer and their Vice President of Sales Lisa Loew, for their guidance through this process. We will continue to update our shareholders on our progress."
Should shareholders have any questions or need assistance with regards to their certificates, they can e-mail our securities counsel Ronald C. Kaufman at email@example.com.
For information regarding risk factors associated with Brenham, please see our recent SEC filings.
For more information regarding Brenham please visit its website: http://www.brenhamoil.com/.
Brenham Oil & Gas Corp. is an independent oil and gas company engaged in the acquisition of petroleum resources. The Company's focus is on coupling United States development/production assets with international exploration in locations such as Sub-Saharan Africa. Brenham's management team includes experienced professionals from major oil and gas companies.
This press release may contain forward-looking statements, including information about management's view of the Company's future expectations, plans and prospects, within the safe harbor provisions under The Private Securities Litigation Reform Act of 1995 (the "Act"). All statements other than statements of historical information provided herein may be deemed to be forward-looking statements. Without limiting the foregoing, the words "believes," "anticipates," "plans," "expects" and similar expressions are intended to identify forward-looking statements. Factors that could cause actual results to differ materially from those that we may anticipate reflected by our subsidiaries' operations include without limitations, growth in the energy sector and in the oil and gas service industry, increased levels of competition, new products and technology changes, and the market for pipes, the rules of regulatory authorities and risks associated with any potential acquisitions. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's analysis, judgment, belief or expectation only as of the date hereof. Finally, the Company undertakes no obligation to update these statements after the date of this release, except as required by law.
CONTACT: Investor Relations: Rebekah Ruthstrom Tel: 281-334-9479 email: firstname.lastname@example.orgSource:Brenham Oil & Gas Corp.